If you are the parent of a student who will be entering his/her junior year in high school this fall, it is important to note that the Bush tax cuts started the year your child entered first grade. If your child was a third grader the year the Bush tax cuts began, your child graduated from high school a month or two ago. It is important to note these facts because the republicans, who argue for these cuts, are always telling us (1) “These cuts will create jobs,” (which they never do); and (2) “These cuts will make the future better for our children.” Apparently, they didn’t have your child in mind, because the future doesn’t look any brighter for today’s high school student and today’s high school graduate that it did ten years ago, when the tax cuts started. If anything, the future looks bleaker, the level of uncertainty is higher, and none of our leaders is presenting to us a vision that makes us confident that it will move our nation in the right direction.
In the ten years, since the start of the Bush tax cuts, the republicans made several other tax cuts, mostly at the state level, and they preserved and increased tax loopholes for the richest Americans. And once again they argued that “These cuts will create jobs,” which they haven’t done.
Maybe it’s time to try a different approach. Maybe it’s time to raise taxes, invest in education, put the emphasis on innovations, open more and new export markets for American products, encourage entrepreneurship, and encourage Americans to invest in America.
Who knows? It just might work: It did before and it will again!
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